May 05, 06

Blacks posts 1.1% sales increase

Gross margin strengthened 3.5 per cent, while operating profit margin was up to 7.5 per cent from 7.1 per cent in the previous year.

The company’s continued store expansion programme enhanced its market leading position in the growing outdoor sector. Seventeen new stores opened during the year - six Millets, six Blacks and five Blacks Out of Town outlets.

Says chairman, David Bernstein: “The group has, once again, delivered both sales and profit growth, with a substantial 3.5 per cent improvement in gross margin. Although it is still early in the year and the key summer period is still to come, the board considers that the group has made a satisfactory start to the financial year.”

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